Neenah Paper (NP) Announces Quarterly Results
Neenah Paper (NYSE:NP) posted its quarterly earnings results on Thursday. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.20, Analyst Ratings Net reports. The company had revenue of $204.90 million for the quarter, compared to the consensus estimate of $200.90 million.
Shares of Neenah Paper (NYSE:NP) opened at 50.28 on Thursday. Neenah Paper has a one year low of $27.44 and a one year high of $50.34. The stock’s 50-day moving average is $44.19 and its 200-day moving average is $41.08. The company has a market cap of $817.5 million and a P/E ratio of 15.70.
Several analysts have recently commented on the stock. Analysts at Sidoti downgraded shares of Neenah Paper from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 22nd. On a related note, analysts at Davidson initiated coverage on shares of Neenah Paper in a research note on Tuesday, January 14th. They set a “buy” rating and a $50.00 price target on the stock. Finally, analysts at DA Davidson initiated coverage on shares of Neenah Paper in a research note on Monday, January 13th. They set a “buy” rating and a $50.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.77.
In other Neenah Paper news, SVP Armin Schwinn sold 6,050 shares of the company’s stock on the open market in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $48.02, for a total value of $290,521.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Neenah Paper, Inc (NYSE:NP) has two primary operations: technical products business and fine paper business.
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